Nisar asks Imran ‘not to use hospital’

[Peaceful Civilian]

ISLAMABAD - Instead of defusing the tension between his party and PTI Chairman Imran Khan, his old Atchison college friend and Leader of Opposition in the National Assembly Chaudhry Nisar Ali Khan on Thursday kept entangled him by repeating his allegations against Imran.
Addressing a press conference, Nisar said the PTI chief had to answer several serious questions, adding that Imran had never paid tax as there were not tax returns to prove that. He further said Imran claimed he purchased piece of land in Sheikhupura worth Rs 7 million but did not mention it in the tax returns.
Nisar claimed that Imran said he bought his residence in Islamabad after selling out a flat in London but there was no proof of money being transferred to Pakistan.
Clearing allegations against PML-N President Nawaz Sharif, Nisar said his flats in Mayfair were not hidden from anyone and they were bought on loans. “It has been almost 20 years since the flats were bought, but the loans have still not been paid back. It is not something unusual, it is on record.” “Imran says Nawaz should not hide behind his family. I would ask him not to hide behind the Shaukat Khanum Cancer Hospital,” the PML-N stalwart added.
“Imran had said he would challenge me in the court but he is still keeping quiet,” Nisar said.
He added Nawaz’ sons would respond to Imran’s statements as they were running business.
The PML leader said Imran never criticised President Asif Ali Zardari and only mentioned Nawaz’s name while citing book of Raymond Baker. He challenged Imran to hold a media debate and chose five media persons so that the truth could be told to the nation.
Nisar claimed that the agenda of Imran was similar to that of Interior Minister Rehman Malik and Zardari. “You brought Raymond Baker’s book in your press conference. In that same book, the most number of allegations are against Asif Zardari. But you don’t see anything against him; you didn’t bring them to the people.”
He added that in the same book, there were several allegations against the army generals but Imran did not expose them either. “All eleven accusations you posed are the same as those posed by Rehman Malik when Benazir Bhutto was in power. Some were made into cases, rest are all baseless accusations.”
http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/national/10-Aug-2012/nisar-asks-imran-not-to-use-hospital

 

[masoomchichora]

ISLAMABAD - Instead of defusing the tension between his party and PTI Chairman Imran Khan, his old Atchison college friend and Leader of Opposition in the National Assembly Chaudhry Nisar Ali Khan on Thursday kept entangled him by repeating his allegations against Imran.
Addressing a press conference, Nisar said the PTI chief had to answer several serious questions, adding that Imran had never paid tax as there were not tax returns to prove that. He further said Imran claimed he purchased piece of land in Sheikhupura worth Rs 7 million but did not mention it in the tax returns.
Nisar claimed that Imran said he bought his residence in Islamabad after selling out a flat in London but there was no proof of money being transferred to Pakistan.
Clearing allegations against PML-N President Nawaz Sharif, Nisar said his flats in Mayfair were not hidden from anyone and they were bought on loans. “It has been almost 20 years since the flats were bought, but the loans have still not been paid back. It is not something unusual, it is on record.” “Imran says Nawaz should not hide behind his family. I would ask him not to hide behind the Shaukat Khanum Cancer Hospital,” the PML-N stalwart added.
“Imran had said he would challenge me in the court but he is still keeping quiet,” Nisar said.
He added Nawaz’ sons would respond to Imran’s statements as they were running business.
The PML leader said Imran never criticised President Asif Ali Zardari and only mentioned Nawaz’s name while citing book of Raymond Baker. He challenged Imran to hold a media debate and chose five media persons so that the truth could be told to the nation.
Nisar claimed that the agenda of Imran was similar to that of Interior Minister Rehman Malik and Zardari. “You brought Raymond Baker’s book in your press conference. In that same book, the most number of allegations are against Asif Zardari. But you don’t see anything against him; you didn’t bring them to the people.”
He added that in the same book, there were several allegations against the army generals but Imran did not expose them either. “All eleven accusations you posed are the same as those posed by Rehman Malik when Benazir Bhutto was in power. Some were made into cases, rest are all baseless accusations.”
Nisar asks Imran

hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha

 

[SamranAli]

it was totaly a desperate speach. He himself didnt know what was he joking.

 

[RazPaK]

Confusion. Wrong Nisar.

I hate this guy too.


He is the biggest liar.

 

[Peaceful Civilian]

Chaudry Nisar is Big joker. This guy is big Lier as Nawaz Sharif. He should work in Circus

 

[forcetrip]

How about someone posts Imran Khans tax returns released to the media. That way I can judge if he is lying or not. Because frankly you guys have not said a single word proving his case other than calling him a dog.

 

[hunter_hunted]

roza lag gaya ha is ko

 

[F.O.X]

What kind of Jokers are these PML.N Idiots ? First they use SKMH as a way to Humiliate IK & to decrease his popularity , & when it back fired & is now being used against them , They say do not use the Hospital, What do they think we are idiots ? or it 90's where the General public knows nothing ?

Right now i hate Noora League more then i Hate PPP , & I really hate PPP.

 

[Haseebullah]

Real facts about SKMT Endowment Fund / Shame on PML-N

By Sheikh Zakir Elahi

Real facts about SKMT Endowment Fund / Shame on PML-N

By Sheikh Zakir Elahi

Recently leadership of Muslim League made some allegations which can be simple deemed shameless, baseless and without any merit or truth. One wonders what the real object behind this baseless allegation was. What will PML(N) gain by tarnishing the reputation of one of the finest not for profit institution in Pakistan where 75% of poor cancer patients get free treatment?

This is not attack on Imran Khan but attack on all poor cancer patients who receive free treatment at this fine institution. The timing of these false accusations during the Zakat month of Ramadan reflects the true mentality of leadership of PML(N). This accusation will hurt the poor cancer patients. Not sure if PML(N) leadership can live with this on their conscience. But on the second thought, they do not even have a conscience. It is still unknown how low PML(N) can go. Chairman Imran Khan made it very clear no Zakat funds were used for investment and no money were transferred from Pakistan to abroad. International entities that are involved in fundraising for SKMT are independent entities . For example in USA funds are raised under (Imran Khan Cancer Appeal ,USA ). Same is case with other countries .Khan sahib is not part of investment board that makes decisions regarding investment .

Since the attack was against investment done by SKMT Endowment fund, we must analyze those investments in detail and explain what Endowment Fund is. Endowment Fund is made up of gifts and donation that is subject to requirement that the principal be maintained intact and invested to create a source of income. All non profit are under pressure to generate needed funds for running current operations. It is saving that eases the financial burden during tough and hard times.

Most of Universities and non-profit institutions worldwide have endowment funds. Below are some examples of Endowment Funds.


- Harvard $31 billion per student $1,523,809.


- Princeton $17.11 billion per student $2,198,381


- Yale $19.3 Billion per student $1,663,807.


Now let’s analyze the investments made through the SKMT Endowment fund.


1. Shares in Hub Power


Increase in value between 2009 to 2010 - RS 2,352,000


With market cap of Rs 51.8 billion, Hub power is highly profitable company whose shares have doubled in value in last 3 years with dividend yield of 13 % is very safe and sound investment.


2. AKD Opportunity Fund


Increase in value between 2009 to 2010 - RS 4,885,212

A diversified open ended fund that invest in Pakistani securities with average return of about 25% for last 3 years. It is considered a safe and sound investment.


3. Pakistan Income Fund Increase in value between 2009 to 2010 - RS 7,258,440 A diversified open ended fund with average return of 7.6% for last 3 years


ABN AMRO Bank Notes


4. CROCI ALPHA PARIS NOTE (Face /Par value $1 million)


Increase in value between 2009 to 2010 - RS 3,186,880


5. Global Healthcare sector notes ( Par value $1 Million)


Increase in value between 2009 to 2010 RS 7,134,345


6. Climate change Note (Par value $1.5 Million)

Increase between 2009 to 2010 RS 7,134,335


(Note is short term debt security with fixed maturity date. Issuer of note pays the par value or face amount of note at the end of term along with agreed interest every year. Values of the notes do go up and down depending upon market condition. Note pays the par value or face value of note at maturity. Capital is always safe )


These notes are very safe and sound investment by any standard and offered by ABN AMRO which is 15 largest bank in the world.

So called un-safe investment – See below facts


7. 3,000,000 class 'B' ordinary shares of USD 1 each of Cinnabar International Services (CISL ) valued at RS 211,800.000. (CISL is subsidiary of HBG Holding that well established & well capitalizes investment company . HE Abdullah Al Mouallini Saudi Arabia Ambassador to United nations is chairman of board )


Any share that is not preferred share is common share or ordinary share. Reason companies create different class of ordinary share is to attach certain rights to shares or to pay different dividend to share holders. In this case shares are nonvoting shares with certain grantees in place which allows security of capital; these are defined in deadlock articles.


CISL owns 3000 shares of Sugarland Real E(BVI) Limited, a special purpose entity to undertake the development of a real estate project in Oman. Land for the project was contributed by a major share holder Sheikh Salim Al Mashani. This contribution was considered in kind (a non cash contribution which can be given as cash value). At the time of contribution land was valued at USD 28.323 million. According to latest appraisal, land has significantly dropped in value by USD 18.256 million so the current value assessed by management is USD 10.067.


There would be issue if that loss was realized by the corporation but in this case Sheikh Al Mashani has agreed to take that loss through reduction in the capital contribution by him. Since the loss on land will be borne by only him, his capital or shares in project will decrease and will have no adverse effect of this land price drop on other share holders. Percentage ownership of other share holders will increase so that their value of their holding remains unchanged. This drop also does not affect the value of project and the future cash flow from project. Project is still on and it is assumed that upon completion of project the value of shares will increase.
Annual Report | Cancer | Hospital | Hospitals | Imran Khan
It is to be noted that accounts are audited by A. F. Ferguson & Co. (a member firm of PricewaterhouseCoopers network) which is among largest and the most respected firm of professional accountants in Pakistan with more than 1600 accountants.


Shaukat Khanam Endowment Fund made diversified investments in and outside Pakistan. It is right mix of securities and reflects a balance portfolio and with minimum risk.

About the Writer:

Advisor to Chairman PTI Imran Khan

Political and Planning affairs

Convener Advisory Committee

Pakistan Tehreek-E- Insaf
Real facts about SKMT Endowment Fund / Shame on PML-N - By Sheikh Zakir Elahi > Pakistan Tehreek-e-Insaf > Insaf Blog

 

[Jango]

Sometimes PML says that the flat transaction did take place, then they say that it was benami, now they say no such thing ever took place. Looks they are having a hard time keeping their statements.

BTW, Imran did say that after Eid, the assets will be on their website along with everything else.

 

[graphican]

Nisar na hua MORON ho gea.. bas kar day bhai Imran Phobia ho chala hai tumko.

 

[graphican]

Nawaz Shareef takes the ownership of MOTORWAY and NUCLEAR TESTS as their achievements. Visit any road of Lahore and you will find banners of PMLN with these two items listed on them.

Had Nawaz Shareef spent his pocket money on either of the two projects?
Had Nawaz or Shahbaz shareef participated in the development themselves?

It was money of Pakistan and resources of Pakistan were sued to develop these projects. Even then these MORONS own them as if they were their born children. Why should Imran not talk about SKMH when he personally contributed and dedicated 10+ years of his life building that and not just for his personal monitory gains. How ridiculous is this Nasty Nisar getting for for what?.. God D@M these frustrated useless political trash.. the real scum of our society.

 

[chauvunist]

self delete......

 

[Peaceful Civilian]

self delete......

Ha ha ha ha
Calculated risks of abuse are taken in order to preserve lower values.

 

[Hyperion]

NISWAR asks Imran to stop using the green one!